PPP Loan information for Light electric co inc

$138,000

Light electric co inc was initially approved for PPP Loan of amount $138,000, the current approved amount is $138,000. The loan was approved on 04/05/2020 by The The Fidelity Bank reported 11 jobs and $138,000 was used to fund payroll.

Light electric co inc is Existing or more than 2 years old

PPP Loan Search / VA / Bassett / Light electric co inc

LIGHT ELECTRIC CO INC

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

LIGHT ELECTRIC CO INC

Borrower Address

24 Governor Stanley Hwy

Borrower City

Bassett

Borrower State

VA

Borrower Zip

24055

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

138000.00

Current Approval Amount

138000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50761

Servicing Lender Name

The Fidelity Bank

Servicing Lender Address

100 S Main St

Servicing Lender City

FUQUAY VARINA

Servicing Lender State

NC

Servicing Lender Zip

27526-2221

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bassett

Project County Name

HENRY

Project State

VA

Project Zip

24055-0001

CD

VA-09

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

138000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

138858.67

Forgiveness Date

11/20/2020

;